The City of South Milwaukee’s budget is the blueprint for financial and policy decisions implemented during each fiscal year. The budget is the single most important document we have for providing direction and vision for the future of our community.
Levy Limits Expenditure Restraint Shared Revenue
Since 2011, the State of Wisconsin has limited municipal levy (total amount of tax money collected) increases to the previous year’s levy plus the percentage of growth due to new construction reduced by any demolition or destruction of buildings.
The State of Wisconsin’s Expenditure Restraint Program provides an incentive to municipalities that limit growth in spending.
Shared Revenue is aid provided by the State of Wisconsin and is one of three main contributors to the City’s budget. Shared Revenue has dropped over the past few years and this has increased the City’s reliance on property taxes as well as user fees.